More than 151,054 workers at U.S.-based tech companies have been laid off in mass job cuts so far in 2023, per a Crunchbase News tally. See who the latest companies are to cut roles.
Completely agree but not sure being in a union would stop these layoffs. Tech companies massively overhired during COVID, and many really dropped their standards. So now their revenue is dropping due to consumer demand falling AND they’re stuck with too many employees.
It doesn’t look great obviously but these tech companies expanded way too fast and are paying the price now. Unfortunately so are innocent workers.
Completely agree but not sure being in a union would stop these layoffs. Tech companies massively overhired during COVID, and many really dropped their standards. So now their revenue is dropping due to consumer demand falling AND they’re stuck with too many employees.
It doesn’t look great obviously but these tech companies expanded way too fast and are paying the price now. Unfortunately so are innocent workers.